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LekaFEV [45]
3 years ago
15

When a periodic inventory system is used a.both revenue and cost of goods sold are recorded each time a sale is made. b.only the

cost of goods sold is recorded each time a sale is made. c.only the reduction of inventory is recorded each time a sale is made. d.only revenue is recorded each time a sale is made.
Business
1 answer:
Hoochie [10]3 years ago
8 0

Answer:

D) only revenue is recorded each time a sale is made.

Explanation:

When a company uses a periodic inventory system, the cost of goods sold is calculated only after the physical inventory count is completed. This physical count is done periodically and may happen once every few months or even once a year.

The periodic system is obsolete nowadays and cheaper technological solutions make it easier for companies to use a perpetual inventory system which is much better in every possible way.

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What is a partial refund of the purchase price of an item? A. Pretext B. Sale C. Rebate D. Phishing
Leviafan [203]

Answer:

rebate

Explanation:

Rebates are a partial refund of the purchase price of an item. In addition, it can be helpful to keep other pricing aspects in mind when purchasing items

7 0
3 years ago
You are in charge of your country's currency, which is backed by a gold standard. Unfortunately, gold production is dropping sha
Dahasolnce [82]

Answer:

C. Move to fiat currency

Explanation:

Gold Standard

Gold standard is a monetary system where the paper money issued by the government through its monetary authority must be backed a defined quantity of gold. But nations have since moved from that gold standard and to a monetary system known as  Fiat currency. under gold standard the value of money is commensurate with the value of gold backing such a currency.

Fiat currency

When monetary authority issue paper money that is not backed by gold but  with the faith of the issuing authority, such is called fiat currency or fiduciary issue. Fiduciary issues is purely based on trust in the government issuing it.

4 0
3 years ago
g "1. How would each of the following events change the equilibrium financial market value of a company? (a)an increase in its c
Mekhanik [1.2K]

Answer:

a. Decrease

b. Decrease

c. Decrease

d. Increase

e. Increase

Explanation:

a. When the company's cost of production increases, this reduces the amount of profits they make. A lower than expected profit margin is frowned upon in the Financial market therefore some people will sell their shares in the company which will have the effect of decreasing market value.

b. An increase in a firm's cost of financing signals an increase in the riskiness of a company. It also means that the company will be paying more on interest which will reduce profits. These 2 thing will drive some investors away thereby reducing the market value.

c. A firm's value can be found by discounting its projected sales and dividends amongst others with a certain discount rate. If a higher rate is used, the present value and hence the market value figure will be less.

d. When there is an increase in Sales revenue, it signals profitability for a company. Investors love profitable companies and will buy more of the company stock which will drive up the price.

e. Projected future profits can be used to calculate present value as well as serve as an indication of future profitability. Investors will buy more shares and drive up the market value.

3 0
3 years ago
The Federal Reserve System performs many functions, but its most important one is
oksian1 [2.3K]

Answer:

b. controlling the money supply.

Explanation:

The main function of the federal reserve is to control the money supply. This is accomplished through expansionary or contractionary monetary policies, in which the Federal Reserve influences the amount of economy in the economy by controlling its supply. An open marketing policy, ie selling and buying securities, for example, is used to control the amount of currency in the economy.

8 0
3 years ago
On September 3, 2021, the Robers Company exchanged equipment with Phifer Corporation. The facts of the exchange are as follows:
GREYUIT [131]

Based on the information given the appropriate journal entries to record the exchange for both Robers and Phifer are:

Robers entries

Debit Equipment (new) $77,000  

Debit Accumulated Depreciation $111 000  

Debit Cash $19,000  

Credit Equipment  $190,000

Credit Gain on Sale $17,000

($77,000+$111,000+$19,000-$190,000)

Phifer's entries

Debit Equipment(new) $96,000  

Debit Accumulated depreciation $119,000  

Debit Loss on Sale $14,000

($210,000+$19,000-$96,000-$119,000)

Credit Equipment  $210,000

Credit Cash  $19,000

Learn more about journal entries here:brainly.com/question/24696035

4 0
2 years ago
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